CRT Property Investments fully lets speculative Wigan trade park
CRT Property Investments, the wholly-owned subsidiary of the Coalfields Regeneration Trust, and its asset manager, Blue Marble Asset Management, have fully let a speculative trade park development in Wigan with agreements in place for the final two units.
UK Storage Company (SW) has taken a new 25-year lease on 8,000 sq ft of storage space at Units Three and Four, Wigan Trade Park, Manchester Road, Wigan.
B8 Real Estate and Littler and Associates advised CRT Property Investments and Blue Marble on the deal.
UK Storage Company (SW) operates 17 self-storage units across the South West and South of England. Wigan Trade Park is its first location in the North West.
Developed speculatively by CRT Property Investments, Wigan Trade Park consists of five high-quality commercial units ranging in size from 3,000 sq ft to 4,000 sq ft, with a total floor space of 17,500 sq ft, designed to encourage enterprise and economic improvement throughout the local community.
Other occupiers at the trade park include the North West’s largest independent decorators’ merchant, Bromborough Paints, Screwfix and Greenworks Coffee.
Property investment and development director for the Coalfields Regeneration Trust, Shaun O’Brien, said: “We have taken what was a derelict site, developed it and fully let it, creating a space that benefits business and the wider community, providing new opportunities and jobs.
“Wigan Trade Park is a great example of what we can do when we work collaboratively and redirect funding and resource into the coalfield communities.
“The simple fact is that these areas would not be viable for most developers, but we are able to provide business space that is appealing, affordable and, in turn, attracts inward investment to these areas.”